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Sweep

Daily and Weekly Sweep - LiquidityDaily and Weekly Sweep – Liquidity Description: The script is designed to illustrate the sweeps of the high and low of the previous day and week. The larger the ratio of shares traded to the percentage price change, the more deep and liquid the market is presumed to be, therefore the market maker always seeks liquidity. Liquidity rests above previous highs and below previous lows as many traders see these as obvious points to place their stops. These are areas on the chart where many orders are placed together and serve as tipping points for market makers. The script focuses on the previous day and week. We can assume these are potential areas for mitigation. How to use: The indicator plots the highs and lows of the previous day and week. On default, it also shows the high and low price for the first 8 hours of the opening day of the week. Users can customise this in settings. The weekly open is also plotted. The background changes colour once a daily/weekly high or low has been breached and stops at the extreme point of price. These areas may provide points of interest in the future. A good understanding of supply and demand, order blocks, market structure, and how to identify fresh levels is expected to utilise it's full potential. Alert function added for: - Daily Sweep - Weekly Sweep Indicator in use:
Pine Script® göstergesi
geneclash tarafından
15
HTF Liquidity Levels█ OVERVIEW The indicator introduces a new representation of the previous days, weeks, and months highs & lows ( DWM HL ) with a focus on untapped levels. █ CONCEPTS Untapped Levels It is popularly known that the liquidity is located behind swing points or beyond higher time frames highs/lows (in a sense, an intraday swing point is a day high/low). These key areas are said "liquid" because of the accumulation of resting orders, mainly in the form of stop-loss orders. And this more significantly on higher time frames which have more time for stacking orders. As the result, the indicator aims to keep track of untapped levels that have their liquidity states intact. Liquidity Pools Once a liquidity level identified, or better, a cluster of liquidity levels work as magnets for the market. The price is more likely to make its way towards heavier pockets of liquidity, by proximity (the closest liquidity pool), and by difficulty (path with less obstacles). This phenomenon is referred as liquidity run, raid, purge, grab, hunt, sweep, you name it. Consequently, the indicator can help you frame a directional bias during your trading session. █ NOTES Drawings Once a level is tapped, it is highlighted. At the end of each day, all tapped levels are cleared.
Pine Script® göstergesi
sbtnc tarafından
83
BenTrading bullish trend continuation sweepThis script uses simple features to indicate where a trend may continue. It uses market structures and monitors breaks of swing highs and swing lows. If there is a break upwards, the alert will give signal when there is a sweep that forms in the biased direction (see chart - alert will trigger on candle close). For it to send alerts you must right click the indicator and apply alert - "once per bar". This indicator only shows bullish signals, while there is another indicator that can be used alongside it to indicate bearish trend continuation with the same features.
Pine Script® göstergesi
B3nTrading tarafından
7
BenTrading bearish trend continuation sweepThis script uses simple features to indicate where a trend may continue. It uses market structures and monitors breaks of swing highs and swing lows. If there is a break downwards, the alert will give signal when there is a sweep that forms in the biased direction (see chart - alert will trigger on candle close). For it to send alerts you must right click the indicator and apply alert - "once per bar". This indicator only shows bearish signals, while there is another indicator that can be used alongside it to indicate bullish trend continuation with the same features.
Pine Script® göstergesi
B3nTrading tarafından
4
BenTrading - Upsweep+CMThis indicator can gives an alert when a candle purges a 3- or 4-candle swing high but closes below it (1). It can also give an alert when a candle closes below the last 3- or 4-candle swing low prior to the sweep (2). How to: 1. Add indicator to chart chart of your desired timeframe 2. Right click indicator and "add alert 3. Decide the conditions for when you to be alerted (sweep or sweep+CM) and specify to be alerted on "candle close only" 4. Double click the chart and the indicator-window will be closed. (The indicator window has no value and should not be visible/taking up chart space)
Pine Script® göstergesi
B3nTrading tarafından
BenTrading - Downsweep+CMThis indicator can gives an alert when a candle purges a 3- or 4-candle swing low but closes above it (1). It can also give an alert when a candle closes above the last 3- or 4-candle swing high prior to the sweep (2). How to: 1. Add indicator to chart chart of your desired timeframe 2. Right click indicator and "add alert 3. Decide the conditions for when you to be alerted (sweep or sweep+CM) and specify to be alerted on "candle close only" 4. Double click the chart and the indicator-window will be closed. (The indicator window has no value and should not be visible/taking up chart space)
Pine Script® göstergesi
B3nTrading tarafından
2